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FSC Eases Construction Completion Guarantee Rules for Project Financing

SEOUL, Feb. 17 (Korea Bizwire) — South Korean financial authorities have unveiled plans to reform project financing (PF) regulations, significantly relaxing the strict completion guarantee requirements that construction companies have long argued were excessively burdensome. According to financial authorities, the Financial Services Commission (FSC) shared a draft of improved completion guarantee guidelines with about 40 representatives [...]

S. Korea to Provide 17 Tln Won of Policy Financing for Chip Industry Investment

SEOUL, Jun. 26 (Korea Bizwire) — The finance ministry said Wednesday it will provide low-interest loans of 17 trillion won (US$12.22 billion) next month for corporate investment in the semiconductor industry and will push to extend tax benefits for investment in strategic technologies. It is part of execution plans for the comprehensive support package worth [...]

Lotte E&C Completes 2.3 Tln-won Project Financing Fund

SEOUL, Mar. 7 (Yonhap) — Major South Korean builder Lotte Engineering & Construction Co. (Lotte E&C) said Thursday it has completed the creation of a 2.3 trillion-won (US$1.73 billion) project financing (PF) fund, which will help cut its interest burden from high-interest debt. Five local banks, including KB Kookmin Bank and the state-run Korea Development [...]

Jeito Capital Co-leads $65 Million Series A Financing in EyeBio

Paris, France, Feb. 22 (Korea Bizwire) – Jeito Capital (“Jeito”), a leading independent private equity firm dedicated to biotech and biopharma, today announces that it has co-led a $65 million Series A financing round in EyeBiotech Limited (“EyeBio”), a privately held ophthalmology biotechnology company working to deliver a new generation of therapies for eye diseases. The Series [...]

Virtru Closes $60M Growth Financing Round Co-Led by ICONIQ Growth and Foundry Capital, with Participation from Tiger Global and MC2

WASHINGTON, Jan. 20 (Korea Bizwire) – Virtru, a leader in data protection and inventor of the open TDF standard, today announced that it has raised $60 million in growth financing co-led by existing investor ICONIQ Growth and new investor Foundry Capital. Other participants in the round include Tiger Global, MC2, Bessemer Venture Partners and New Enterprise Associates. [...]

MeMed Raises $93M to Accelerate Commercialization of its Host Immune-response Product Portfolio

HAIFA, Israel; BOSTON, MA, Jan. 10 (Korea Bizwire) – MeMed, a leader in host response technologies, today announces a $93 million private financing round, bringing total funding in the Company to over $200 million, including support from the U.S. Department of Defense and EU Commission. Funds will be used to scale up manufacturing, accelerate commercialization and [...]

EnBiotix, Inc. Closes $11M Pre-Merger Financing

BOSTON, Dec. 29 (Korea Bizwire) – EnBiotix, Inc., a rare disease company currently focused on chronic respiratory disorders, today announced the closing of an $11M pre-merger, convertible note round of financing (“the Financing”) comprised of Vectura Group plc, the Cystic Fibrosis Foundation and Sanford Biosciences LLC. The Financing was led by Vectura Group plc (“Vectura”), a [...]

Property Investment Platform Operator Kasa Attracts 19 bln Won

SEOUL, Dec. 14 (Korea Bizwire) — Kasa Korea Co., operator of a digital property investment platform, said Tuesday that it has attracted 19 billion won (US$16 million) from six investors to enhance security for trading and other necessary infrastructure. The investment, from investors including PGS Partners, WeMade, Arche Investment and Yuanta Investment, raised the total [...]

Jeito Capital Co-leads $156 Million Oversubscribed Series B financing in Quell Therapeutics

Paris, France, Nov. 29 (Korea Bizwire) – Jeito Capital (“Jeito”), a leading independent private equity firm dedicated to biotech and biopharma, today announces that it has co-led a $156 million oversubscribed Series B financing round in Quell Therapeutics (“Quell”), the world leader in the development of engineered T-regulatory (Treg) cell therapies for serious medical conditions driven by [...]

Microshare Receives $15 million in Financing from Avenue Capital Sustainable Solutions Fund

PHILADELPHIA, Nov. 3 (Korea Bizwire) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group’s vehicle for supporting firms working to bring about a more sustainable world. Microshare’s EverSmart suite of Smart [...]